Investments

Saturday, April 6th 2019 - 09:02 UTC
French/Canadian consortium takes Petrobras major gas pipeline in north Brazil

A consortium led by France's Engie SA submitted the highest offer for a major gas pipeline unit owned by Petrobras, the state-run oil firm said on Friday, as the company's biggest divestment draws to a close.
Saturday, April 6th 2019 - 08:31 UTC
Boeing to drastically cut production of the 737; no lifting of grounding order expected soon

Boeing said on Friday it plans to cut its monthly 737 aircraft production by nearly 20% in the wake of two deadly crashes, signaling it does not expect aviation authorities to allow the plane back in the air anytime soon.
Friday, April 5th 2019 - 09:33 UTC
Brazil automakers confident of domestic market despite collapse of exports to Argentina

Automobile production in Brazil fell 0.6% in the first quarter of 2019 compared to the same period last year, the national automakers’ association said on Thursday, as an economic crisis in Argentina continued to weigh on output.
Wednesday, April 3rd 2019 - 08:43 UTC
Rockhopper cuts losses and is progressing on Falklands' oil field development

Rockhopper Exploration PLC on Tuesday said its loss narrowed in 2018 as it progresses on field development in the Falkland Islands. The oil & gas exploration and production company's loss narrowed in 2018 to US$ 7.1 million from US$ 9.0 million a year before, as revenue climbed to US$ 10.6 million from US$ 10.4 million.
Tuesday, April 2nd 2019 - 09:42 UTC
BBC signs ten-year £300m deal with Discovery Channel

BBC has signed the biggest ever deal to sell its programs, agreeing to provide its landmark natural history shows to a new global streaming service run by the Discovery Channel for £300m. It is the “largest content deal the BBC has ever done” and will last for 10 years, director general Tony Hall said.
Saturday, March 30th 2019 - 08:10 UTC
UK business groups “devastated” with Parliament handling of Brexit debate

Business groups have said they are “devastated” after Parliament's latest rejection of the prime minister's EU withdrawal plan. They urged MPs and the government to find a solution and stave off the “nightmare” of a no-deal Brexit.
Friday, March 29th 2019 - 09:04 UTC
Princess Cruises contracts construction of two next generation 175.000-ton ships

Princess Cruises and Fincantieri announced on Thursday the signing of the final contracts for the construction of two next-generation 175,000-ton cruise ships, which will be the largest ships ever built so far in Italy, with deliveries scheduled in Monfalcone in late 2023 and in March 2025. This announcement follows the initial signing of a memorandum of agreement between the two parties in July 2018.
Thursday, March 28th 2019 - 09:15 UTC
Falklands' fleet will incorporate state of the art trawler in 2021

The Falkland Islands will add to its registered fleet a state of the art trawler which should be operational by 2021 belonging to a local joint venture company, Petrel Fishing Company Ltd. In early 2019, the Board of Fortuna Ltd approved the construction of a new trawler to join their current fleet of five trawlers. The vessel will be owned and operated by Fortuna Joint Venture Company - “Petrel Fishing Company Ltd”.
Thursday, March 28th 2019 - 08:27 UTC
Boeing says it has made changes to the control systems linked to fatal crashes

Boeing has issued changes to controversial control systems linked to two fatal crashes of its 737 Max planes in the last five months. But it's still not certain when the planes, that were grounded worldwide this month, will be allowed to fly. Investigators have not yet determined the cause of the accidents.
Wednesday, March 27th 2019 - 08:47 UTC
China orders 300 jets from Airbus during Xi's visit to Paris

Airbus has secured an order from China for 300 jets, in a deal estimated to be worth tens of billions of dollars. An agreement to purchase A320 and A350 XWB aircraft was signed during a visit by Chinese President Xi Jinping to Paris.